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Japan exports climb on demand for cars

Japan’s exports grew 14 percent over a year earlier in October on strong demand for vehicles, electronics and machinery. However, customs data released Monday showed even faster growth in imports of oil, gas and coal that caused the trade surplus to fall more than 40 percent from the year before.

As China recovers momentum following a slowdown, demand from the region’s biggest economy is helping to breathe fresh life into its neighbors’ economies.

Exports are helping to drive a moderate recovery in Japan, the world’s third-largest economy, as its factories struggle to keep up with demand for cars, electronic components and manufacturing equipment. At the same time, Japan’s imports have risen thanks to higher costs for crude oil and other commodities: surging 19 percent from the same month a year earlier in October to 6.41 trillion yen ($57 billion) versus exports of 6.7 trillion yen ($59 billion). The resulting surplus of 285.4 billion yen ($2.54 billion) compared with a 481.2 billion yen surplus a year earlier and 667.7 billion yen in September.

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Established in February 1993, the Kathmandu Post, Nepal’s first privately owned English broadsheet daily, is today Nepal’s leading English language newspaper, with a daily circulation of 82,000 copies. This makes the Post Nepal’s second-most widely circulated newspaper—after Kantipur daily. The Kathmandu Post is also a member of Asia News Network that has over 15 members and is known for its insightful, unbiased journalistic work of the highest calibre. Read more»